Calcium Carbide Market Trends

  • Report ID: 4663
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Calcium Carbide Market Trends

Growth Drivers

  • Large Number of Earthquakes Taking Place - Earth is a dynamic planet, and earthquakes are constantly occurring somewhere. The National Earthquake Information Center actually tracks approximately 13,000 earthquakes annually. Calcium carbide is used in manufacturing steel, which is further expected to be utilized in constructing buildings. Owing to the growing risk of earthquakes and floods, the need for strong construction is demanding. Hence, the demand for calcium carbide is anticipated to increase over the forecast period.

  • Growing Usage of Fertilizers - Around 200 million metric tonnes of fertilizers are anticipated to be consumed globally in 2021. By 2021, rising crop prices would result in more need for calcium cyanamide as a fertilizer, a trend that has been particularly noticeable recently.

  • Growing Oil Industry - By 2045, it is anticipated that India's oil consumption will increase to approximately 10 million barrels per day.

  • Introduction of New Technologies - CacliPro was introduced to the Russian steel industry in January 2020 by the chemicals business AlzChem Group, based in Germany. In addition to improving the castability and mechanical properties of final steel products, CalciPro is very effective at adding calcium to molten steel.

  • Rising Production of PVC- It was predicted that the quantity of PVC production would rise from 42,931 thousand tons seven years ago to 55,715 thousand tons in 2022 across the globe.

Challenges

  • Harmful Effects of Calcium Carbide on Health - Long-term exposure to calcium carbide could be damaging to a person's health. The fact that it contains phosphate and arsenic particles and produces acetylene gas when dissolved in water makes it particularly harmful when used to cure food. Arsenic and acetylene gas can affect many physiological processes and cause a variety of health problems, such as headaches, exhaustion, mood swings, seizures, and chronic hypoxia. Consequently, it is anticipated that this issue will impede market expansion.
  • Growing Environmental Awareness
  • Stringent Government Regulations

Calcium Carbide Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

5.2%

Base Year Market Size (2024)

USD 17.86 billion

Forecast Year Market Size (2033)

USD 34.52 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Browse Key Market Insights with Data Illustration:


Author Credits:  Rajrani Baghel


  • Report ID: 4663
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of calcium carbide is evaluated at USD 18.6 billion.

The calcium carbide market size was over USD 17.86 billion in 2024 and is poised to exceed USD 34.52 billion by 2037, growing at over 5.2% CAGR during the forecast period i.e., between 2025-2037. The market growth is propelled by large number of earthquakes taking place, growing usage of fertilizers, increase in production of steel, and others.

Asia Pacific industry is predicted to hold largest revenue share of 37% by 2037, due to increased production for PVC and other plastic derivatives, expansion of China's food and beverage sector, and an increase in the number of agricultural green initiatives in this region.

The major players in the market include AlzChem Group AG, American Elements, Thermo Fisher Scientific Inc., Carbide Industries LLC, Inner Mongolia Baiyanhu Chemical Co., Ltd., Merck KGaA, Adani Enterprises Limited (AEL), Mil-Spec Industries, Corp., Santa Cruz Biotechnology, Inc.
Inquiry Before Buying Request Free Sample
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying
Inquiry Before Buying Request Free Sample